Short Interest in Putnam Municipal Opportunities Trust (NYSE:PMO) Drops By 43.5%

Putnam Municipal Opportunities Trust (NYSE:PMO) was the target of a large drop in short interest in April. As of April 15th, there was short interest totalling 7,800 shares, a drop of 43.5% from the March 31st total of 13,800 shares. Based on an average trading volume of 91,900 shares, the short-interest ratio is currently 0.1 days.

Putnam Municipal Opportunities Trust Trading Up 0.1 %

Shares of PMO traded up $0.01 during midday trading on Friday, hitting $9.77. The company’s stock had a trading volume of 53,313 shares, compared to its average volume of 87,640. Putnam Municipal Opportunities Trust has a one year low of $8.57 and a one year high of $10.57. The company’s fifty day simple moving average is $10.10 and its two-hundred day simple moving average is $9.96.

Putnam Municipal Opportunities Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 24th will be given a $0.035 dividend. This represents a $0.42 dividend on an annualized basis and a yield of 4.30%. The ex-dividend date is Thursday, May 23rd.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Robinson Capital Management LLC bought a new stake in Putnam Municipal Opportunities Trust during the 3rd quarter worth $5,688,000. Fiera Capital Corp bought a new stake in shares of Putnam Municipal Opportunities Trust during the fourth quarter worth about $6,196,000. Park Avenue Securities LLC acquired a new position in shares of Putnam Municipal Opportunities Trust in the first quarter valued at approximately $1,177,000. ARS Wealth Advisors Group LLC bought a new position in Putnam Municipal Opportunities Trust in the 3rd quarter valued at approximately $652,000. Finally, Raymond James & Associates raised its holdings in Putnam Municipal Opportunities Trust by 31.8% in the 4th quarter. Raymond James & Associates now owns 215,399 shares of the financial services provider’s stock valued at $2,204,000 after buying an additional 51,948 shares during the last quarter. Institutional investors and hedge funds own 20.40% of the company’s stock.

Putnam Municipal Opportunities Trust Company Profile

Putnam Municipal Opportunities Trust is a closed ended fixed income mutual fund launched and managed by Putnam Investment Management, LLC. The fund is co-managed by Putnam Investments Limited. It invests in fixed income markets of United States. The fund invests in companies operating across healthcare, utilities, transportation, water and sewer, and housing sectors.